5. Gillian Tett compiles a list of
five questions for the Treasury and the Fed. Three of those
questions are: (1) What might the US government do to support the
US money market funds if American debt is downgraded, or suffers
a technical default? (2) Will the US authorities step into the
markets and act as the dealer or financier of last resort, if
parts of the market freeze up? (3) How will regulators and risk
managers respond if the “risk-free” status of US debt starts to
crumble?